Lloyds Bank, Halifax and Bank of Scotland increase interest rates on savings accounts
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Lloyds Bank and Halifax will increase interest rates on various savings accounts
ALAMY
Lloyds Bank and Halifax will increase interest rates on various savings accounts
Lloyds Bank, Halifax and Bank of Scotland customers are set to see interest rate rise of up to 30 basis points on their instant access savings accounts.
The changes will come into effect on August 22.
The increases come days after the Bank of England increased the base rate by 0.25 percentage points to 5.25 per cent.
The base rate, which has now been increased 14 consecutive times, is at the highest level in 15 years.
Halifax will increase interest rates by up to 30 basis points
ALAMY
Full list of Halifax interest rate rises
Halifax will increase the Everyday Saver and ISA Saver Variable on balances from £1 to £9,999 by 30 basis points to 1.45 per cent.
Account – Rate (increase)
Full list of Lloyds Bank interest rate rises
Lloyds Bank will increase the Easy Saver and Cash ISA Saver by 30 basis points to 1.40 per cent, on balances from £1 to £24,999.
Account – Rate (increase)
*Requires Club Lloyds account
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The Bank of Scotland is boosting various interest rates
ALAMY
Full list of Bank of Scotland interest rate rises
The Bank of Scotland is increasing the Access Saver and Access Cash ISA rate by 30 basis points to 1.45 per cent on balances from £1 to £9,999.
Account – Rate (increase)